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The textile machinery market size is forecast to increase by USD 10.71 billion at a CAGR of 6.74% between 2023 and 2028. The market is experiencing significant growth, driven by the rising demand for nonwoven fabrics and automation in textile production. Nonwoven fabrics, which are used in various industries such as medical, hygiene, and geotextiles, are gaining popularity due to their versatility and superior properties. Automation in textile machinery is another key trend, as it helps increase productivity, reduce labor costs, and improve product quality. However, the high initial capital investment required for installing modern textile machinery poses a challenge for small and medium-sized enterprises (SMEs) in the market. Despite this, the market is expected to grow steadily due to the increasing demand for automation and nonwoven fabrics in various industries.
The global market is experiencing significant growth due to the increasing automation in textile production. The integration of robots and advanced technologies such as multinational firms' investment in automation is driving productivity and sustainability in the industry. Digitalization is also playing a crucial role in the textile sector, with the adoption of new machinery for spinning, weaving, dyeing, finishing, and non-woven fabrics. Biotechnology and plasma technology are revolutionizing the textile industry by providing eco-friendly and high-performance solutions. The market is witnessing the introduction of new machinery using nanotechnology, laser printing, and 3D printing for producing innovative textiles. Textile producers are focusing on enhancing product quality and reducing production costs by implementing advanced technologies.
The global market for textile machinery is expected to grow steadily due to the increasing demand for sustainable and high-performance textiles.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The spinning machinery segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to automation and technological advancements in various processes such as fiber processing, yarn production, fabric production, fiber pre-treatment, dyeing and printing, finishing treatments, spinning, weaving, dyeing, and finishing. Multinational firms are investing heavily in this sector to enhance productivity, sustainability, and digitalization. China, India, Vietnam, Turkey, and Indonesia are key Asian countries investing in short-staple spindle machinery, which is primarily used for spinning yarns from cotton, polyester, viscose, and other blends. Long-term trends, including consumer preferences for affordable clothing collections, mass customization, and e-commerce, are driving the demand for higher output and reduced labor costs.
Sustainability considerations, energy-efficient machinery, and eco-friendly practices are also becoming increasingly important in the market. Regulatory changes and environmental concerns are leading to plant shutdowns, while remote maintenance and digitalization solutions are enabling smart manufacturing and robotics. Data-driven technologies, efficiency and productivity, and monitor and control systems are essential for agility and flexibility in the industry. Technological innovations in spinning machines, such as open-end rotor spindles, are revolutionizing the textile industry by increasing productivity and reducing production costs.
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The spinning machinery segment was valued at USD 5.17 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia-Pacific (APAC) region is experiencing significant growth, driven by the expanding textile and garment sectors in countries like China, India, and Bangladesh. China, as a global textile manufacturing leader, is investing heavily in advanced weaving machines, knitting machines, and finishing machines to enhance productivity. India, with its burgeoning textile industry, is witnessing a swell in demand for new machinery to boost efficiency. Bangladesh, a major player in the textile and apparel industries, is adopting sophisticated textile machinery to improve production capabilities. The APAC market is being fueled by the region's dominant manufacturing position and the increasing demand for textiles.
The adoption of advanced technologies such as nanotechnology, biotechnology, plasma technology, and 3D printing in textile machinery is revolutionizing the industry. New machinery, including laser printing, digital printing, embroidery, and heat transfer equipment, are being implemented to enhance the production of non-woven fabrics, polyester fiber, and cotton. The focus on skin sensory comfort and thermo-physiological comfort in garments and apparel is driving the demand for advanced textile finishing technology. Overall, the APAC the market is witnessing a wave of innovation and automation, with technological advancements in weaving machines, knitting machines, and finishing machines playing a pivotal role in shaping the future of the industry.
Our textile machinery market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising demand for nonwoven fabrics is the key driver of the market. The market is witnessing significant advancements due to the increasing automation and integration of robots in various processes, including fiber processing, yarn production, fabric production, and finishing treatments. Multinational firms are investing heavily in productivity-enhancing technologies, such as digitalization, to streamline operations and reduce labor costs. Technological advancements in spinning, weaving, dyeing, and finishing are leading to energy-efficient machinery and eco-friendly practices, in line with sustainability considerations and consumer preferences. Research and development in textile machinery is focused on addressing regulatory changes and environmental concerns, with a shift towards mass customization and affordable clothing collections. Digitalization solutions, smart manufacturing, and robotics are enabling remote maintenance and monitoring and control, enhancing efficiency and productivity.
The market encompasses a wide range of applications, from fiber pre-treatment to dyeing and printing, and includes machinery for nonwoven fabrics, which are produced using high-speed, low-cost processes and specialized texturing and finishing machinery. Nonwoven fabrics are classified into disposable and non-disposable or durable products, with the disposable product segment currently dominating the market. Fashion trends and consumer preferences continue to influence the textile machinery industry, with a growing emphasis on agility and flexibility to cater to e-commerce and changing market demands.
Automation in textile machinery is the upcoming trend in the market. Textile machinery automation significantly enhances productivity and sustainability in the textile industry. Multinational firms are increasingly adopting automation, robots, and digitalization to streamline processes and meet consumer preferences for affordable clothing collections. Automation plays a pivotal role in fiber processing, including fiber pre-treatment, spinning, and yarn production. Fiber diameter monitoring, temperature control, and tension management are essential for maintaining product consistency and quality. Technological advancements in spinning machines, such as new spinning methods, enable the production of various types of fibers, including micro-denier fiber extrusion. In yarn manufacturing, automation improves efficiency and productivity, reduces labor costs, and enhances agility and flexibility.
Furthermore, digitalization solutions facilitate remote maintenance, mass customization, and smart manufacturing. Sustainability considerations, energy-efficient machinery, and eco-friendly practices are essential in textile manufacturing, and automation supports these initiatives by enabling precise control and monitoring. Regulatory changes, environmental concerns, and fashion trends also influence the market, driving the need for technological innovation and research and development.
The high initial capital investment in installing modern textile machinery is key challenge affecting the market growth. The global the market is experiencing a shift towards automation, digitalization, and sustainability, driven by technological advancements and consumer preferences. Multinational firms are leading this transformation through investments in robots, energy-efficient machinery, and eco-friendly practices. Fiber processing, yarn production, fabric production, fiber pre-treatment, dyeing and printing, finishing treatments, spinning, weaving, dyeing, and finishing are all areas undergoing significant change. Technological innovations include smart manufacturing, remote maintenance, and digitalization solutions. Sustainability considerations, regulatory changes, and environmental concerns are also influencing the market, with a focus on mass customization, affordable clothing collections, and higher output with reduced labor costs. Key areas of investment include spinning machines, which are becoming increasingly efficient and productive, and robotics, which offer agility and flexibility in manufacturing processes.
Overall, the market is evolving to meet the demands of fashion trends, e-commerce, and the need for greater efficiency and productivity.
The textile machinery market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ATE Pvt. Ltd. - The company offers textile machinery such as blow rooms, carding machines, and drawframes.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to automation and the integration of robots in manufacturing processes. Multinational firms are investing heavily in advanced technology to increase productivity and sustainability. Automation in fiber processing, yarn production, fabric production, fiber pre-treatment, dyeing and printing, finishing treatments, spinning, weaving, dyeing, and finishing is transforming the industry. Technological advancements in energy-efficient machinery and eco-friendly practices are key trends, with a focus on reducing environmental concerns and regulatory changes. Digitalization solutions, such as smart manufacturing, robotics, data-driven technologies, and remote maintenance, are enabling higher output, reduced labor costs, and mass customization. Consumer preferences for affordable clothing collections and agility and flexibility in production are also driving market growth.
E-commerce is further fueling demand for faster turnaround times and efficient supply chains.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.74% |
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Market growth 2024-2028 |
USD 10.71 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.5 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 64% |
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Key countries |
China, India, Japan, Vietnam, and Indonesia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ATE Pvt. Ltd., Batliboi Ltd., Camozzi Group SpA, KARL MAYER Holding SE and Co. KG, Lakshmi Machine Works Ltd., MURATA MACHINERY USA, INC., OC Oerlikon Corp. AG, Qingdao Jingtian textile machinery co.,Ltd, Qingdao Lebon Industry Co., Ltd., Radici Partecipazioni Spa, Rieter Holding AG, Santex Rimar Group, SAURER AG, SHIMA SEIKI MFG., LTD., Tessenderlo Group NV, Toyota Industries Corp., Trutzschler Group SE, TSUDAKOMA Corp., VANDEWIELE NV, and YAMUNA MACHINE WORKS LTD |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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